Daily Vocabulary from THE HINDU – December 01, 2016

Hello Friends,

We are launching daily vocabulary series from Today. This series is available on YouTube and Facebook.

Youtube/Exambin     Facebook/Exambin

We will be picking selective words ranging from 5 to 7 on a daily basis from Editorials of Leading newspapers like THE HINDU, ECONOMIC TIMES or BUSINESS STANDARD.

Today, we are going to explore The Hindu’s editorial of 1^st December, 2016 for words with rich vocabulary.

We suggest you to read the editorial to get maximum exposure to the words we are going to see.

THE HINDU EDITORIAL LINK

S.No	WORD
1	Cruel
2	Scourge
3	Intensive
4	Anonymous
5	Abandon
6	Tangible

 

Did any of these words influence you to use in your day to day life?Share us the sentences you have managed to form with today’s words in the comments below. You may also ask for any words you do want to see here. We shall be adding them in our next episodes.

To watch these words as videos subscribe to our YouTube Channel.

The post Daily Vocabulary from THE HINDU – December 01, 2016 appeared first on Exambin | Social Competitive Learning.

Daily Vocabulary from THE HINDU – December 01, 2016

Hello Friends,

We are launching daily vocabulary series from Today. This series is available on YouTube and Facebook.

Youtube/Exambin     Facebook/Exambin

We will be picking selective words ranging from 5 to 7 on a daily basis from Editorials of Leading newspapers like THE HINDU, ECONOMIC TIMES or BUSINESS STANDARD.

Today, we are going to explore The Hindu’s editorial of 1^st December, 2016 for words with rich vocabulary.

We suggest you to read the editorial to get maximum exposure to the words we are going to see.

THE HINDU EDITORIAL LINK

S.No	WORD
1	Cruel
2	Scourge
3	Intensive
4	Anonymous
5	Abandon
6	Tangible

 

Did any of these words influence you to use in your day to day life?Share us the sentences you have managed to form with today’s words in the comments below. You may also ask for any words you do want to see here. We shall be adding them in our next episodes.

To watch these words as videos subscribe to our YouTube Channel.

The post Daily Vocabulary from THE HINDU – December 01, 2016 appeared first on Exambin | Social Competitive Learning.

Daily Vocabulary from THE HINDU – December 01, 2016

Hello Friends,

We are launching daily vocabulary series from Today. This series is available on YouTube and Facebook.

Youtube/Exambin     Facebook/Exambin

We will be picking selective words ranging from 5 to 7 on a daily basis from Editorials of Leading newspapers like THE HINDU, ECONOMIC TIMES or BUSINESS STANDARD.

Today, we are going to explore The Hindu’s editorial of 1^st December, 2016 for words with rich vocabulary.

We suggest you to read the editorial to get maximum exposure to the words we are going to see.

THE HINDU EDITORIAL LINK

S.No	WORD
1	Cruel
2	Scourge
3	Intensive
4	Anonymous
5	Abandon
6	Tangible

 

Did any of these words influence you to use in your day to day life?Share us the sentences you have managed to form with today’s words in the comments below. You may also ask for any words you do want to see here. We shall be adding them in our next episodes.

To watch these words as videos subscribe to our YouTube Channel.

The post Daily Vocabulary from THE HINDU – December 01, 2016 appeared first on Exambin | Social Competitive Learning.

RRB Mumbai Result 2016

RRB Mumbai Result 2016 is announced by Railway Recruitment Board, Mumbai. Result of RRB Mumbai can be checked at www.rrbmumbai.gov.in. View / download roll numbers of qualified candidates along with instructions for further stages of selection. Candidates who are selected on basis of RRB Result get recruitment in Indian Railways, Government of India. Get here complete details of RRB Mumbai Result 2016 for Non Technical Popular Categories (NTPC), Junior Engineer (JE), Senior Section Engineer (SSE), Assistant Loco Pilot (ALP), Technician, and other posts.

Computer Based Test Result for Calling Candidates for Typing Test and Document Verification for the Post of Junior Clerk cum Typist, Accounts Clerk cum Typist, Train Clerk, Commercial Clerk and Ticket Examiner Special Recruitment Drive for Persons with Disabilities for NTPC (Under Graduate)

Click Here – Result on PDF

Final Result of NTPC (Under-Graduate) categories (PWD) (Junior Clerk cum Typist, Accounts Clerk cum Typist, Train Clerk, Commercial Clerk, Ticket Examiner) Click Here – Result on PDF

Supplementary result for the post of (chemical metallurgical assistant (cat no. 77).

Click Here – Result on PDF

Official Advertisement

Good Luck

By Exambin Team…!

The post RRB Mumbai Result 2016 appeared first on Exambin | Social Competitive Learning.

RRB Mumbai Result 2016

RRB Mumbai Result 2016 is announced by Railway Recruitment Board, Mumbai. Result of RRB Mumbai can be checked at www.rrbmumbai.gov.in. View / download roll numbers of qualified candidates along with instructions for further stages of selection. Candidates who are selected on basis of RRB Result get recruitment in Indian Railways, Government of India. Get here complete details of RRB Mumbai Result 2016 for Non Technical Popular Categories (NTPC), Junior Engineer (JE), Senior Section Engineer (SSE), Assistant Loco Pilot (ALP), Technician, and other posts.

Computer Based Test Result for Calling Candidates for Typing Test and Document Verification for the Post of Junior Clerk cum Typist, Accounts Clerk cum Typist, Train Clerk, Commercial Clerk and Ticket Examiner Special Recruitment Drive for Persons with Disabilities for NTPC (Under Graduate)

Click Here – Result on PDF

Final Result of NTPC (Under-Graduate) categories (PWD) (Junior Clerk cum Typist, Accounts Clerk cum Typist, Train Clerk, Commercial Clerk, Ticket Examiner) Click Here – Result on PDF

Supplementary result for the post of (chemical metallurgical assistant (cat no. 77).

Click Here – Result on PDF

Official Advertisement

Good Luck

By Exambin Team…!

The post RRB Mumbai Result 2016 appeared first on Exambin | Social Competitive Learning.

RRB Mumbai Result 2016

RRB Mumbai Result 2016 is announced by Railway Recruitment Board, Mumbai. Result of RRB Mumbai can be checked at www.rrbmumbai.gov.in. View / download roll numbers of qualified candidates along with instructions for further stages of selection. Candidates who are selected on basis of RRB Result get recruitment in Indian Railways, Government of India. Get here complete details of RRB Mumbai Result 2016 for Non Technical Popular Categories (NTPC), Junior Engineer (JE), Senior Section Engineer (SSE), Assistant Loco Pilot (ALP), Technician, and other posts.

Computer Based Test Result for Calling Candidates for Typing Test and Document Verification for the Post of Junior Clerk cum Typist, Accounts Clerk cum Typist, Train Clerk, Commercial Clerk and Ticket Examiner Special Recruitment Drive for Persons with Disabilities for NTPC (Under Graduate)

Click Here – Result on PDF

Final Result of NTPC (Under-Graduate) categories (PWD) (Junior Clerk cum Typist, Accounts Clerk cum Typist, Train Clerk, Commercial Clerk, Ticket Examiner) Click Here – Result on PDF

Supplementary result for the post of (chemical metallurgical assistant (cat no. 77).

Click Here – Result on PDF

Official Advertisement

Good Luck

By Exambin Team…!

The post RRB Mumbai Result 2016 appeared first on Exambin | Social Competitive Learning.

Current Affairs 02 December 2016 | General Awareness 02 December 2016

Opposition to seek President’s intervention on I-T Amendment Bill issue

Opposition parties have been protesting against demonetization

Opposition parties which have been protesting against demonetisation and decided to approach President Pranab Mukherjee on the Income Tax Amendment Bill to seek his intervention, alleging that the measure was hurriedly passed in Lok Sabha without following the rules.

Ghulam Nabi Azad

Chamber of Leader of Opposition in Rajya Sabha.

Day after Rahul’s Twitter account hacked, Congress party’s account also hacked

Some messages laden with profanities were posted online.

A day after the hacking of Rahul Gandhi’s Twitter account, the official Twitter account of Indian National Congress was also hacked with the party saying some messages laden with expletives and profanities were posted online

Ravi Shankar Prasad

IT Minister of India.

Haryana board makes Aadhaar mandatory for Class 10 and 12

Board of School Education Haryana has made it mandatory

• Board of School Education Haryana (BSEH) has made it mandatory for students of Class 10 and 12 to have Aadhaar card while applying for the 2017 examination.
• The use of Aadhaar will prevent forgery of certificates and impersonation cases, and ensure that the candidates’ details are complete and accurate

Benefits to avoid

• Forgery of certificates
• Impersonation cases

Trump offers to help Pakistan

Calls PM Sharif a ‘terrific guy’

• U.S. president Donald Trump offered to help , solve Pakistan’s problems and praised prime minister Nawaz Sharif as a “terrific guy” in the first call between the two men
• Historical allies in the region, Islamabad and Washington have seen relations sour in recent years over U.S. accusations that Pakistan shelters Islamist militants, a charge denied by the South Asian nation.

Banning Muslims

Trump announced about the entry into US

Wild silk protein helps in faster, scar-free healing of wounds

Wound-healing nanofibrous mat for fast healing

• Indian researchers have developed a wound-healing nanofibrous mat that interacts with the body to help it heal faster and without scarring.
• The mat is made of a non-protein polymer (PVA) mixed with silk protein and coated with an antibiotic and epidermal growth factor.

silk mats

• mulberry
• non-mulberry

ISRO to launch 83 satellites in one go in Jan.

80 of them are foreign

• The Indian Space Research Organisation (ISRO) will launch 83 satellites, 80 of them are foreign, in one go in January.
• The 80 satellites. weighing 500 kg, belong to Israel, Kazakhstan, Netherlands, Switzerland and the U.S.

The three Indian satellites are

• Cartosat-2 series
• INS-IA
• INS-1B

Tami Nadu: 17 killed in factory blast

Happened in factory manufacturing industrial explosive products

• At least 17 people were feared dead in a blast that occurred at a factory manufacturing industrial explosive products near Trichy.
• The collapse of a part of the two-storey factory unit immediately after the blast trapped many inside.

2004 Kumbakonam School fire

A total of 94 students of the primary School were burnt to death.

Yoga on UNESCO cultural heritage list

Yoga got global recognition

• Yoga as an “ancient Indian practice” got global recognition as it was inscribed on UNESCO’s representative list of Intangible Cultural Heritage of Humanity.
• India’s proposal to inscribe yoga on the list was unanimously supported by all the 24 members of the panel, which included Turkey, Cuba, Afghanistan, Korea and Palestine.

UNESCO

The Belgian beer was also added on the list.

Lodha reforms looms large on BCCI’s agenda

Supreme Court appoints of GK Pillai as observer

• Despite the Lodha Panel seeking directions from Supreme Court for the appointment of GK Pillai as observer, the BCCI has managed to keep its flock together.
• The meeting is a little different from a special general body, because only Full Members are invited. But the outcome is unlikely to be different.

Anurag Thakur

BCCI president

To Read Financial Awareness

Banking Awareness 02nd December 2016 | Financial Affairs 02nd December 2016

The post Current Affairs 02 December 2016 | General Awareness 02 December 2016 appeared first on Exambin | Social Competitive Learning.

Current Affairs 02 December 2016 | General Awareness 02 December 2016

Opposition to seek President’s intervention on I-T Amendment Bill issue

Opposition parties have been protesting against demonetization

Opposition parties which have been protesting against demonetisation and decided to approach President Pranab Mukherjee on the Income Tax Amendment Bill to seek his intervention, alleging that the measure was hurriedly passed in Lok Sabha without following the rules.

Ghulam Nabi Azad

Chamber of Leader of Opposition in Rajya Sabha.

Day after Rahul’s Twitter account hacked, Congress party’s account also hacked

Some messages laden with profanities were posted online.

A day after the hacking of Rahul Gandhi’s Twitter account, the official Twitter account of Indian National Congress was also hacked with the party saying some messages laden with expletives and profanities were posted online

Ravi Shankar Prasad

IT Minister of India.

Haryana board makes Aadhaar mandatory for Class 10 and 12

Board of School Education Haryana has made it mandatory

• Board of School Education Haryana (BSEH) has made it mandatory for students of Class 10 and 12 to have Aadhaar card while applying for the 2017 examination.
• The use of Aadhaar will prevent forgery of certificates and impersonation cases, and ensure that the candidates’ details are complete and accurate

Benefits to avoid

• Forgery of certificates
• Impersonation cases

Trump offers to help Pakistan

Calls PM Sharif a ‘terrific guy’

• U.S. president Donald Trump offered to help , solve Pakistan’s problems and praised prime minister Nawaz Sharif as a “terrific guy” in the first call between the two men
• Historical allies in the region, Islamabad and Washington have seen relations sour in recent years over U.S. accusations that Pakistan shelters Islamist militants, a charge denied by the South Asian nation.

Banning Muslims

Trump announced about the entry into US

Wild silk protein helps in faster, scar-free healing of wounds

Wound-healing nanofibrous mat for fast healing

• Indian researchers have developed a wound-healing nanofibrous mat that interacts with the body to help it heal faster and without scarring.
• The mat is made of a non-protein polymer (PVA) mixed with silk protein and coated with an antibiotic and epidermal growth factor.

silk mats

• mulberry
• non-mulberry

ISRO to launch 83 satellites in one go in Jan.

80 of them are foreign

• The Indian Space Research Organisation (ISRO) will launch 83 satellites, 80 of them are foreign, in one go in January.
• The 80 satellites. weighing 500 kg, belong to Israel, Kazakhstan, Netherlands, Switzerland and the U.S.

The three Indian satellites are

• Cartosat-2 series
• INS-IA
• INS-1B

Tami Nadu: 17 killed in factory blast

Happened in factory manufacturing industrial explosive products

• At least 17 people were feared dead in a blast that occurred at a factory manufacturing industrial explosive products near Trichy.
• The collapse of a part of the two-storey factory unit immediately after the blast trapped many inside.

2004 Kumbakonam School fire

A total of 94 students of the primary School were burnt to death.

Yoga on UNESCO cultural heritage list

Yoga got global recognition

• Yoga as an “ancient Indian practice” got global recognition as it was inscribed on UNESCO’s representative list of Intangible Cultural Heritage of Humanity.
• India’s proposal to inscribe yoga on the list was unanimously supported by all the 24 members of the panel, which included Turkey, Cuba, Afghanistan, Korea and Palestine.

UNESCO

The Belgian beer was also added on the list.

Lodha reforms looms large on BCCI’s agenda

Supreme Court appoints of GK Pillai as observer

• Despite the Lodha Panel seeking directions from Supreme Court for the appointment of GK Pillai as observer, the BCCI has managed to keep its flock together.
• The meeting is a little different from a special general body, because only Full Members are invited. But the outcome is unlikely to be different.

Anurag Thakur

BCCI president

The post Current Affairs 02 December 2016 | General Awareness 02 December 2016 appeared first on Exambin | Social Competitive Learning.

Current Affairs 02 December 2016 | General Awareness 02 December 2016

Opposition to seek President’s intervention on I-T Amendment Bill issue

Opposition parties have been protesting against demonetization

Opposition parties which have been protesting against demonetisation and decided to approach President Pranab Mukherjee on the Income Tax Amendment Bill to seek his intervention, alleging that the measure was hurriedly passed in Lok Sabha without following the rules.

Ghulam Nabi Azad

Chamber of Leader of Opposition in Rajya Sabha.

Day after Rahul’s Twitter account hacked, Congress party’s account also hacked

Some messages laden with profanities were posted online.

A day after the hacking of Rahul Gandhi’s Twitter account, the official Twitter account of Indian National Congress was also hacked with the party saying some messages laden with expletives and profanities were posted online

Ravi Shankar Prasad

IT Minister of India.

Haryana board makes Aadhaar mandatory for Class 10 and 12

Board of School Education Haryana has made it mandatory

• Board of School Education Haryana (BSEH) has made it mandatory for students of Class 10 and 12 to have Aadhaar card while applying for the 2017 examination.
• The use of Aadhaar will prevent forgery of certificates and impersonation cases, and ensure that the candidates’ details are complete and accurate

Benefits to avoid

• Forgery of certificates
• Impersonation cases

Trump offers to help Pakistan

Calls PM Sharif a ‘terrific guy’

• U.S. president Donald Trump offered to help , solve Pakistan’s problems and praised prime minister Nawaz Sharif as a “terrific guy” in the first call between the two men
• Historical allies in the region, Islamabad and Washington have seen relations sour in recent years over U.S. accusations that Pakistan shelters Islamist militants, a charge denied by the South Asian nation.

Banning Muslims

Trump announced about the entry into US

Wild silk protein helps in faster, scar-free healing of wounds

Wound-healing nanofibrous mat for fast healing

• Indian researchers have developed a wound-healing nanofibrous mat that interacts with the body to help it heal faster and without scarring.
• The mat is made of a non-protein polymer (PVA) mixed with silk protein and coated with an antibiotic and epidermal growth factor.

silk mats

• mulberry
• non-mulberry

ISRO to launch 83 satellites in one go in Jan.

80 of them are foreign

• The Indian Space Research Organisation (ISRO) will launch 83 satellites, 80 of them are foreign, in one go in January.
• The 80 satellites. weighing 500 kg, belong to Israel, Kazakhstan, Netherlands, Switzerland and the U.S.

The three Indian satellites are

• Cartosat-2 series
• INS-IA
• INS-1B

Tami Nadu: 17 killed in factory blast

Happened in factory manufacturing industrial explosive products

• At least 17 people were feared dead in a blast that occurred at a factory manufacturing industrial explosive products near Trichy.
• The collapse of a part of the two-storey factory unit immediately after the blast trapped many inside.

2004 Kumbakonam School fire

A total of 94 students of the primary School were burnt to death.

Yoga on UNESCO cultural heritage list

Yoga got global recognition

• Yoga as an “ancient Indian practice” got global recognition as it was inscribed on UNESCO’s representative list of Intangible Cultural Heritage of Humanity.
• India’s proposal to inscribe yoga on the list was unanimously supported by all the 24 members of the panel, which included Turkey, Cuba, Afghanistan, Korea and Palestine.

UNESCO

The Belgian beer was also added on the list.

Lodha reforms looms large on BCCI’s agenda

Supreme Court appoints of GK Pillai as observer

• Despite the Lodha Panel seeking directions from Supreme Court for the appointment of GK Pillai as observer, the BCCI has managed to keep its flock together.
• The meeting is a little different from a special general body, because only Full Members are invited. But the outcome is unlikely to be different.

Anurag Thakur

BCCI president

The post Current Affairs 02 December 2016 | General Awareness 02 December 2016 appeared first on Exambin | Social Competitive Learning.

SSC KKR Admit Card 2016

SSC KKR Admit Card 2016 is issued by Staff Selection Commission Karnataka Kerala Region. Admit card of SSC KKR 2016 can be downloaded at ssckkr.kar.nic.in. Enter Registration ID and Date of birth to download admission certificate. Note details printed in SSC Admit Card such as name, roll number, date of exam, examination centre. Keep officially issued admit card of SSC KKR 2016 safely till end of recruitment process. It is important to realize that hall tickets available at ssckkr.kar.nic.in are for applicants whose centers are under states that are under SSC Karnataka Kerala Region. Get here complete details of SSC KKR Admit Card 2016.

Click Here to download SSC KKR Admit Card 2016:

Click Here

Thank you

By Exambin Team….!

The post SSC KKR Admit Card 2016 appeared first on Exambin | Social Competitive Learning.

SSC KKR Admit Card 2016

SSC KKR Admit Card 2016 is issued by Staff Selection Commission Karnataka Kerala Region. Admit card of SSC KKR 2016 can be downloaded at ssckkr.kar.nic.in. Enter Registration ID and Date of birth to download admission certificate. Note details printed in SSC Admit Card such as name, roll number, date of exam, examination centre. Keep officially issued admit card of SSC KKR 2016 safely till end of recruitment process. It is important to realize that hall tickets available at ssckkr.kar.nic.in are for applicants whose centers are under states that are under SSC Karnataka Kerala Region. Get here complete details of SSC KKR Admit Card 2016.

Click Here to download SSC KKR Admit Card 2016:

Click Here

Thank you

By Exambin Team….!

The post SSC KKR Admit Card 2016 appeared first on Exambin | Social Competitive Learning.

SSC KKR Admit Card 2016

SSC KKR Admit Card 2016 is issued by Staff Selection Commission Karnataka Kerala Region. Admit card of SSC KKR 2016 can be downloaded at ssckkr.kar.nic.in. Enter Registration ID and Date of birth to download admission certificate. Note details printed in SSC Admit Card such as name, roll number, date of exam, examination centre. Keep officially issued admit card of SSC KKR 2016 safely till end of recruitment process. It is important to realize that hall tickets available at ssckkr.kar.nic.in are for applicants whose centers are under states that are under SSC Karnataka Kerala Region. Get here complete details of SSC KKR Admit Card 2016.

Click Here to download SSC KKR Admit Card 2016:

Click Here

Thank you

By Exambin Team….!

The post SSC KKR Admit Card 2016 appeared first on Exambin | Social Competitive Learning.

Banking Awareness 02nd December 2016 | Financial Affairs 02nd December 2016

Federal Bank ties up with Spice Digital

For cash management services through the bank’s e-collection facility.

• Federal Bank has tied up with Spice Digital for cash management services through the bank’s e-collection facility
• As per the arrangement, 20,000 plus retail outlets of Spice Digital can now remit its cash collection at the Federal Bank branches pan India.

Spice Digital Ltd

• mobile value added services
• Internet products and services.

RBI issues final guidelines on ‘large exposure’ of banks

Lending to a single borrower capped at 20 per cent of tier-I capital

• The Reserve Bank of India on Thursday announced the final guidelines on its ‘large exposures’ framework.
• These guidelines are aimed at significant tightening of norms pertaining to concentration risks of banks, especially in relation to large borrowers. The guidelines come into effect from March 31, 2019.

Capped

• 20 per cent of tier-I capital for a single entity
• 25 per cent of tier-I capital for group exposure.

Why have white-label ATMs been shut?

Non-availability of cash has left these ATMs, run by non-bank entities

• Over the past three weeks, since the demonetisation move, the never-ending lines outside ATMs have left many anxious and flustered.
• But white label ATMs (WLAs) set up by licensed non-bank entities in remote areas of the country, have been completely shut.

No of white label ATMs (WLAs)

• Tata Communications Payment Solutions (8,941)
• BTI Payments (4,087)

Jio launches payment solution for merchants

Merchants can transfer money, accept payments.

• Mukesh Ambani on Thursday announced the launch of Jio Money merchant solutions aimed at the fast growing digital economy. Using this application, merchants can transfer money, accept payments.
• Jio is aiming 10 million merchants across the country for this platform Mukesh Ambani said that the demonetisation move by Prime Minister was a game changer.

Products

• 4G Broadband
• LYF Smartphones
• Jionet WiFi
• Jio apps

RBI to court: FEMA rules prohibit Tatas from paying DoCoMo

Strengthens Tata Sons’ views; also vindicates Cyrus Mistry’s

• The Reserve Bank of India on Thursday told the Delhi High Court that the agreement between Tata Sons and NTT DoCoMo on buying back the latter’s shares in Tata Teleservices was against Foreign Exchange Management Act (FEMA) Regulations.
• In April 2014, NTT DoCoMo announced plans to sell its entire stake in TTSL, exiting India five years after entering the country. The exit came after TTSL failed to achieve certain performance targets.

$1.17 billion

Compensation paid to Japanese major on London court’s order.

After 137 years looms fall silent at Bombay Dyeing

To focus on retail by rebranding to focus on youth

• One of the oldest textile businesses in India, Bombay Dyeing Manufacturing Company has officially called quits to manufacturing at a time when the Modi government is trying to attract fresh investments through its famed ‘Make in India’ slogan.
• Bombay Dyeing is also setting its own e-commerce portal to take advantage of the good response for its products in the online market place.

₹100 cr

Invest in re-branding with more appeal to the youth.

Salary rush drowns banks across the country; situation better in Mumbai

The first payday post-demonetisation.

• Banks across the country struggled to cope with the rush on the first payday after demonetisation as employees attempted to withdraw their salaries.
• The private sector and urban co-operative banks in the city continued to reel under the cash crunch.

Withdraw weekly limit

• ₹24,000 – for retail customers
• ₹50,000 – for current account customers

Five PSU banks yet to join UPI, govt-backed digital platform

Thirty banks had already signed up with UPI.

AS THE government pushes for cashless transactions, five public sector banks are yet to join the Unified Payment Interface (UPI) network, an ambitious fund remittance service backed by the Reserve Bank of India and the government.

Banks with UPI Apps

• SBI
• HDFC
• Axis
• ICICI

The post Banking Awareness 02nd December 2016 | Financial Affairs 02nd December 2016 appeared first on Exambin | Social Competitive Learning.

Banking Awareness 02nd December 2016 | Financial Affairs 02nd December 2016

Federal Bank ties up with Spice Digital

For cash management services through the bank’s e-collection facility.

• Federal Bank has tied up with Spice Digital for cash management services through the bank’s e-collection facility
• As per the arrangement, 20,000 plus retail outlets of Spice Digital can now remit its cash collection at the Federal Bank branches pan India.

Spice Digital Ltd

• mobile value added services
• Internet products and services.

RBI issues final guidelines on ‘large exposure’ of banks

Lending to a single borrower capped at 20 per cent of tier-I capital

• The Reserve Bank of India on Thursday announced the final guidelines on its ‘large exposures’ framework.
• These guidelines are aimed at significant tightening of norms pertaining to concentration risks of banks, especially in relation to large borrowers. The guidelines come into effect from March 31, 2019.

Capped

• 20 per cent of tier-I capital for a single entity
• 25 per cent of tier-I capital for group exposure.

Why have white-label ATMs been shut?

Non-availability of cash has left these ATMs, run by non-bank entities

• Over the past three weeks, since the demonetisation move, the never-ending lines outside ATMs have left many anxious and flustered.
• But white label ATMs (WLAs) set up by licensed non-bank entities in remote areas of the country, have been completely shut.

No of white label ATMs (WLAs)

• Tata Communications Payment Solutions (8,941)
• BTI Payments (4,087)

Jio launches payment solution for merchants

Merchants can transfer money, accept payments.

• Mukesh Ambani on Thursday announced the launch of Jio Money merchant solutions aimed at the fast growing digital economy. Using this application, merchants can transfer money, accept payments.
• Jio is aiming 10 million merchants across the country for this platform Mukesh Ambani said that the demonetisation move by Prime Minister was a game changer.

Products

• 4G Broadband
• LYF Smartphones
• Jionet WiFi
• Jio apps

RBI to court: FEMA rules prohibit Tatas from paying DoCoMo

Strengthens Tata Sons’ views; also vindicates Cyrus Mistry’s

• The Reserve Bank of India on Thursday told the Delhi High Court that the agreement between Tata Sons and NTT DoCoMo on buying back the latter’s shares in Tata Teleservices was against Foreign Exchange Management Act (FEMA) Regulations.
• In April 2014, NTT DoCoMo announced plans to sell its entire stake in TTSL, exiting India five years after entering the country. The exit came after TTSL failed to achieve certain performance targets.

$1.17 billion

Compensation paid to Japanese major on London court’s order.

After 137 years looms fall silent at Bombay Dyeing

To focus on retail by rebranding to focus on youth

• One of the oldest textile businesses in India, Bombay Dyeing Manufacturing Company has officially called quits to manufacturing at a time when the Modi government is trying to attract fresh investments through its famed ‘Make in India’ slogan.
• Bombay Dyeing is also setting its own e-commerce portal to take advantage of the good response for its products in the online market place.

₹100 cr

Invest in re-branding with more appeal to the youth.

Salary rush drowns banks across the country; situation better in Mumbai

The first payday post-demonetisation.

• Banks across the country struggled to cope with the rush on the first payday after demonetisation as employees attempted to withdraw their salaries.
• The private sector and urban co-operative banks in the city continued to reel under the cash crunch.

Withdraw weekly limit

• ₹24,000 – for retail customers
• ₹50,000 – for current account customers

Five PSU banks yet to join UPI, govt-backed digital platform

Thirty banks had already signed up with UPI.

AS THE government pushes for cashless transactions, five public sector banks are yet to join the Unified Payment Interface (UPI) network, an ambitious fund remittance service backed by the Reserve Bank of India and the government.

Banks with UPI Apps

• SBI
• HDFC
• Axis
• ICICI

The post Banking Awareness 02nd December 2016 | Financial Affairs 02nd December 2016 appeared first on Exambin | Social Competitive Learning.